Brokerages Set Under Armour, Inc. (NYSE:UAA) PT at $9.28

Under Armour, Inc. (NYSE:UAA) has been given an average rating of “Hold” by the twenty-one ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.28.

UAA has been the topic of a number of recent analyst reports. TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. UBS Group lifted their price objective on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th.

Under Armour Stock Down 0.6 %

NYSE:UAA opened at $8.42 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The stock’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $8.24. The firm has a market capitalization of $3.64 billion, a P/E ratio of -280.57 and a beta of 1.70.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 in the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Several large investors have recently made changes to their positions in UAA. CWM LLC raised its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after purchasing an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares during the period. Sei Investments Co. lifted its stake in Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after purchasing an additional 1,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock worth $26,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.